NEW YORK--(BUSINESS WIRE)--Health Republic Insurance of New York, a new not-for-profit Consumer
Operated and Oriented Plan (CO-OP) offering health insurance coverage in
New York State, today announced that it will start open enrollment on
October 1, 2013 for coverage beginning January 1, 2014.

Health Republic Insurance is offering new competitive options for
individuals and small businesses both on and off the New York State of
Health Benefit Exchange. In partnership with MagnaCare, its network
comprises more than 70,000 providers in 32 counties, including New York
City, Long Island, the Hudson Valley, the Capital District, parts of
North County, Syracuse, and parts of Western New York.

“We are excited to be truly ‘open for business’ and, as New York’s only
CO-OP, are proud to be offering a new innovative plan with health
insurance rates that are among the lowest on the Exchange in nearly
every category and geographic region,” said Debra Friedman, President
and CEO for Health Republic Insurance.

“At Health Republic Insurance, we want to make sure our members get the
healthcare they need, when they need it, where they need it. We’re also
building in extra customer support systems to help our members stay
healthy.

“We invest all profits back into our programs in the form of lower
premiums and better coverage so that members continuously benefit from
the lowest costs and even stronger services, allowing each member to
choose from several quality plans that fit every type of need and
budget,” said Friedman.

Health Republic Insurance is now offering three health insurance plans
on the Exchange: EssentialCare (the New York State mandated
“standard plan”), PrimarySelect (an alternative plan where
members can access better outpatient benefits when they select a primary
care physician), and PrimarySelect EPO (a plan similar to PrimarySelect,
but members must choose their primary physician from a menu of primary
care medical homes).

Plan

EssentialCare

PrimarySelect

PrimarySelect EPO

Tiers

Platinum, Gold, Silver,Bronze & Catastrophic

Platinum, Gold, Silver

Silver

Availability

32 counties across NY

32 counties across NY

7 counties across NY

About Health Republic Insurance of New York

Health Republic Insurance of New York is a true not-for-profit program
and Consumer Operated and Oriented Plan, or CO-OP, designed to give
people more options for quality, affordable coverage in a
consumer-friendly and focused way. Over time, the majority of the
Company’s Board of Directors will be members of the plan, who will be
elected by their peer members and whose priority is making sure every
voice is heard and that the plan delivers superior value. Health
Republic Insurance utilizes the MagnaCare network throughout New York
State to provide high-quality coverage at competitive low rates.

For more information, please visit the Company’s web site
at newyork.healthrepublic.us.